Altan Rio Minerals Ltd (TSXV:AMO.H) is engaged in gold exploration in Southern Cross Project in Western Australia. It is a greenfield exploration project covering an area of 23.7 KM2. Gold mineralisation is present at shallow depths with no prior testing done below 50 metres of depth. The project has historically significant intercept result of 12.1m with a grade of 4.5g/t Au. Western Australia is estimated to hold 60% of total Australia’s gold reserve. The Southern Cross Project lies at the centre of Iligan Goldfield. Lligan Craton is a premier gold province of Australia which has major Archean greenstone-hosted deposits. Historically, between 1900-2019, the Southern Cross region has produced 12.3Moz of gold. Altan Rio has acquired rights for 15 Prospecting Licences covering the project area. It is the second largest licence area in the Frasers-Corinthian Shear Zone, one of the proven gold hosting structures. The Company also operates the Chandman Project in Mongolia. The project which is spread over 12.73 KM2, comprises of two mining licences. Altan controls a 100% interest in the project. The project area lies in the mountainous basin related to Cambrian granitic intrusion and copper-gold mineralisation. Seventeen diamond drill holes had been drilled on various drilling campaigns between 2009 and 2010. Three holes hit significant gold-copper mineralisation, and the best result was 32.13m @ 1.49 g/t Au, 0.6% Cu and 8.07 g/t Ag, including 10.39m @ 2.71g/t Au, 091% Cu and 12.11g/t silver.

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